3140 45TH AVE S MINNEAPOLIS MN 55406

PID: 0602823110154

Property Overview

Parcel ID0602823110154

Lot Size4,682 sq ft (0.107 ac)

Lot Dimensions (est.)117 ft wide × 40 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerJ C & D G HUTCHINSON

Assessed Value$301,500

Land Value$135,000

Building Value$166,500

Annual Tax$4,395

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

2 permits on record since 2023 · $8K total declared value · Most recent: Jun 2023 (misc)

MiscJun 2023Closed

$8K

LEGACY RESTORATION LLC

ResFeb 2023Closed

CenterPoint Energy Resource Corp

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Cooper · Minneapolis

Median reported rent1,309/mo

Renter-occupied16.5%

Median home value$339K

Vacancy rate5.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1076

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth77 ft

Area~2,311 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 2,311 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3136 45TH AVE S MINNEAPOLIS MN 55406	DEBORAH SUE MALMON	RESIDENTIAL	$345,500	40 ft
3144 45TH AVE S MINNEAPOLIS MN 55406	ERIN GOODSON/ZACHARY NICKLE	RESIDENTIAL	$410,000	40 ft
3132 45TH AVE S MINNEAPOLIS MN 55406	ANNE DUSSOL	RESIDENTIAL	$385,700	80 ft
3148 45TH AVE S MINNEAPOLIS MN 55406	B D O CONNOR/L R KJELDBJERG	RESIDENTIAL	$559,900	80 ft
3128 45TH AVE S MINNEAPOLIS MN 55406	COLLIN QUINN & LISA QUINN	RESIDENTIAL	$421,000	120 ft
3152 45TH AVE S MINNEAPOLIS MN 55406	LOLLIE ARLAINE FLOKENS	RESIDENTIAL	$355,300	121 ft
3133 44TH AVE S MINNEAPOLIS MN 55406	J ORTMANN & A GEISENDORFER	RESIDENTIAL	$396,700	137 ft
3129 44TH AVE S MINNEAPOLIS MN 55406	THOMAS DRAKE & LAUREN DRAKE	RESIDENTIAL	$403,100	145 ft
3137 44TH AVE S MINNEAPOLIS MN 55406	M S ABY & A E KEIRSTEAD	RESIDENTIAL	$511,500	147 ft
3124 45TH AVE S MINNEAPOLIS MN 55406	J MORIN & M J SCHULTZ	RESIDENTIAL	$379,700	160 ft

Property History

Most Recent Sale

Date199603

Price$71,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,395